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Trout Lumber Yard has a current accounts receivable balance of $440,016. Credit sales for the year just ended were $5,153,850. What is the receivables turnover?

Trout Lumber Yard has a current accounts receivable balance of $440,016. Credit sales for the year just ended were $5,153,850.

What is the receivables turnover?

What is the days sales in receivables?

How long did it take on average for credit customers to pay off their accounts during the past year?

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